If you’re thinking about buying a vacation home, you aren’t alone.
Vacation-home sales across the country are soaring, mainly for two reasons: Declining prices mean deals are available, and empty nesters are flooding the market.
Baby boomers looking forward to days of leisure are snapping up vacation homes, particularly in beach resorts in the South and the West.
Vacation-home sales rose by 57.4 percent in 2014 compared with 2013 and reached a record high, according to the National Association of Realtors.
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Deep Creek Lake in Maryland
Deep Creek Lake — which offers boating, fishing and swimming and a mountainous ski resort — is a four-season destination, said Betsy Spiker Holcomb, a real-estate agent with Long & Foster.
“There are price points here for everyone — from under $250,000 for a one- or two-bedroom condo to up to $3 million for a large waterfront home,” Holcomb said. “Right now, the demand is highest for either something small under $350,000 or for a single-family home with four to six bedrooms on the lake with a private dock for two or three boats, which costs between $700,000 and $900,000.”& amp; amp; amp; lt; /p>
Waterfront town houses are also priced around $350,000, she said.
Read More Here: http://www.dispatch.com/content/stories/home_and_garden/2015/06/28/01-vacation-home-sales-heat-up-in-destinations-across-country.html
